Case Study – USA – Insurance

Underwriting Solutions LLC

“Timesheet Xpress is the perfect tool to track billable time and makes invoicing at the end of the month simple and easy... it saves me $1,000.00 (US) per month on time spent invoicing...” - Gary Lee, CEO; Underwriting Solutions LLC

About Underwriting Solutions LLC...

Underwriting Solutions LLC is a consulting firm based in Edmond, Oklahoma. The company specializes in the mortality risk management niche of the life insurance industry. Underwriting Solutions LLC is a collaborative, distributed services firm, it’s services are provided by a workforce of trained and experienced underwriters and medical analysts, usually within 48 hours or less. These services are managed through a proven, secure, web-based work flow system built upon Microsoft standard technology. Through their partnership with Synev, Underwriting Solutions LLC has the ability to provide underwriting services remotely.

Issues before using Timesheet Xpress

Prior to installing and using Timesheet Xpress, Gary's organisation had no formal methodology for tracking and recording time spent on client projects. As a direct result of this it was difficult for Gary to get a handle on the true cost of running his business and which projects were profitable. As any business owner knows, this information is critical for the ongoing successful future of any organisation; without this information it is difficult to accurately forecast and allocate resources required for on going client work.

The key pain points in this time and cost tracking issue for Gary was not only tracking time by Client and Project, but also keeping on top of accurate billing and invoicing.

The challenge for Gary in trying to identify a solution to meet his business requirements was to find a simple to use, yet feature rich software program to track time, projects, expenses and much more. Based on the basic requirements of simple, good reporting.

After implementing Timesheet Xpress...

“Our Billing rate is different for each project, each client and for different projects under the same client. Timesheet Xpress keeps this all straight for me now” said Gary.

Timesheet Xpress has made life easier not only now when it comes to billing and invoicing, but now all non-billable time is also tracked and is becoming invaluable as a self-management tool; Gary went on to say ...

“Timesheet Xpress helps me understand how much of our days are spent on administration, research, marketing and other tasks we don’t get ‘paid’ for!”

One of the biggest advantages Underwriting Solutions has also found is that invoicing time has been slashed due to the seamless work flow and processes of Timesheet Xpress.

Creating Invoices from random spreadsheets could easily take four hours per month, now at the click of a button Timesheet Xpress collates all the relevant billable time and will create an invoice (or link to invoicing packages*) in an instant.

About Timesheet Xpress...

The software is easily installed on either stand alone or network computers and offers a range of configurations for use in organisations of all sizes from independent consultants relying on accurate tracking of “billable hours” to large corporations who are concerned not only with project management and staff productivity but also with timely management information for the purposes of workforce management and staff optimisation when forecasting and scheduling outputs.

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